10870 PR 570 Road new Save Request In-Person Tour Request Virtual Tour
Poland,IN 47868
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 650 sqft
Price per Sqft $1,153
MLS Listing ID 202514818
Style One Story
Bedrooms 2
Full Baths 1
HOA Fees $45/ann
Year Built 1986
Annual Tax Amount $7,500
Tax Year 2025
Lot Size 6.020 Acres
Property Sub-Type Duplex
Property Description
MAKE THIS THE YEAR TO GO INTO THE RENTAL BUSINESS! 5 DUPEXES NEAR CATARACT LAKE WITH 10 UNITS ON OVER 6 ACRES, SOME OF WHICH BORDERS GOVERNMENT GROUND AND POSSIBLY MORE ROOM TO BUILD MORE DUPLEXES ON THIS PROPERTY! These could convert easily to 4BR 2BA homes but the rental income is there! Seller is currently remodeling units as tenants go out and raising rents to a reasonable amount. The need for rentals is ALWAYS THERE AND THIS IS DOWN BY THE LAKE! Go boating, fishing and swimming! The state boat dock launch ramp is down the road with a little country diner who had donuts and GREAT BISCUITS AND GRAVY last time I stopped. The 2 duplexes on State Hwy 42 are part of a HOA that a possibility of renting a boat dock if there was an opening. Rhetta Jeans at Poland for breakfast so East or West you got good food covered! I-70 is a great commute for Indy, Bloomington, Terre Haute and you get to be down by one of the most beautiful lakes in Indiana! Employment for your tenants can be found at the factories within 30 minutes away. Additional almost 4 acres can be bought that is adjacent to the duplexes for $65,000 and has the MOST BEAUTIFUL BUILDING SITE ON IT THAT THRU THE LEAVES YOU GET TO SEE THE LAKE BECAUSE IT BORDERS HARD TO FIND GOVERNMENT PROPERTY! Cataract water. Endeavor High Speed Fiber Internet! 2 Hardware stores with lumber within 15 minutes for project runs! This is the place to start your next investment!
Location
State IN
County Owen County
Area Owen County
Rooms
Family Room 700 x 600
Dining Room 0 x 500
Kitchen , 700 x 800
Interior
Flooring Vinyl Tile
Fireplaces Number 4
Laundry , 20
Exterior
Garage Spaces 1.0
Amenities Available Adj to State/Natnl Forest
Building
Lot Description Partially Wooded
Story 1
Structure Type Vinyl
New Construction No
Schools
Elementary Schools Cloverdale
Middle Schools Cloverdale
High Schools Cloverdale
School District Cloverdale Community Schools
Others
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202514818